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EXHIBIT 99.1
 Hayes Lemmerz International, Inc. Reports Operating Profit of $7.4 Million and
Improved Liquidity for First Quarter of Fiscal 2006
 Free Cash Flow Was Essentially Breakeven for the Quarter
 NORTHVILLE, Mich., June 8, 2006




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Use of Non-GAAP Financial Information
 ,
 Conference Call
 Conference ID#9177437 http://www.hayes-lemmerz.com/investor_kit/html/presentations.html
  This press release includes forward looking statements, which represent the Companys expectations
and beliefs concerning future events that involve risks and uncertainties which could cause actual
results to differ materially from those currently anticipated. All statements other than
statements of historical facts included in this release are forward looking statements. Factors
that could cause actual results to differ materially from
those expressed or implied in such forward looking statements include the factors set forth in our
Annual Report on Form 10-K and other periodic reports filed with the SEC. Consequently, all of the
forward looking statements made in this press release are qualified by these and other factors,
risks, and uncertainties.
 Contact: Marika P. Diamond, Hayes Lemmerz International, Inc., 734.737.5162




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HAYES LEMMERZ INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Millions of dollars)
(Unaudited)
 Actual
    
    
    ActualApril 30, 2006
    
    
    January 31, 2006ASSETSCurrent assets:Cash and cash equivalents
    
    $
    52.5
    
    
    $
    42.5Receivables
    
    
    292.7
    
    
    
    255.6Other Receivables
    
    
    80.0
    
    
    
    101.0Inventories
    
    
    199.7
    
    
    
    179.9Prepaid expenses and other
    
    
    18.0
    
    
    
    23.5Total current assets
    
    
    642.9
    
    
    
    602.5Property, and plant equipment, net
    
    
    758.1
    
    
    
    758.1Goodwill, intangibles and other long term assets
    
    
    450.7
    
    
    
    438.6Total assets
    
    $
    1,851.7
    
    
    $
    1,799.2LIABILITIES AND STOCKHOLDERS EQUITYCurrent liabilities:Bank borrowings and other notes
    
    $
    26.0
    
    
    $
    25.5Current portion of long-term debt
    
    
    20.8
    
    
    
    19.2Accounts payable and other accrued liabilities
    
    
    405.3
    
    
    
    367.8Total current liabilities
    
    
    452.1
    
    
    
    412.5Long-term debt, net of current portion
    
    
    682.2
    
    
    
    684.3Pension and other long-term liabilities
    
    
    474.0
    
    
    
    471.9Series A Warrants and Series B Warrants
    
    
    Redeemable preferred stock of subsidiary
    
    
    12.3
    
    
    
    12.1Minority interest
    
    
    38.1
    
    
    
    35.1Commitments and contingencies
    
    
    
    
    
    
    Stockholders equity:Common stock, par value $0.01 per share
    
    
    0.4
    
    
    
    0.4Additional paid in capital
    
    
    675.9
    
    
    
    675.9Retained earnings
    
    
    (583.9
    )
    
    
    (566.3
    )Accumulated other comprehensive income
    
    
    100.6
    
    
    
    73.3Total stockholders equity
    
    
    193.0
    
    
    
    183.3Total liabilities and stockholders equity
    
    $
    1,851.7
    
    
    $
    1,799.2




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HAYES LEMMERZ INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Millions of dollars)
(Unaudited)
 Actual
    
    
    ActualThree Months Ended
    
    
    Three Months EndedApril 30, 2006
    
    
    April 30, 2005Net sales
    
    $
    572.8
    
    
    $
    589.2Cost of goods sold
    
    
    520.4
    
    
    
    531.3Gross profit
    
    
    52.4
    
    
    
    57.9Marketing, general and administration
    
    
    39.9
    
    
    
    41.1Asset impairments and other restructuring charges
    
    
    3.7
    
    
    
    0.8Other (income) expense, net
    
    
    1.4
    
    
    
    2.8Earnings (loss) from operations
    
    
    7.4
    
    
    
    13.2Interest expense, net
    
    
    17.3
    
    
    
    14.7Other non-operating (income) expense
    
    
    0.2
    
    
    
    0.2Earnings (loss) before income taxes and minority interest
    
    
    (10.1
    )
    
    
    (1.7
    )Income tax provision
    
    
    5.6
    
    
    
    4.8Earnings (loss) before minority interest
    
    
    (15.7
    )
    
    
    (6.5
    )Minority interest
    
    
    1.9
    
    
    
    2.6Income from discontinued operations
    
    
    
    
    
    
    1.4Net income (loss)
    
    
    (17.6
    )
    
    
    (7.7
    )Loss per common share dataBasic and diluted:Loss from continuing operations
    
    $
    (0.46
    )
    
    $
    (0.24
    )Income from
discontinued operations, net of tax of $0.0 and
$0.2, respectively
    
    
    
    
    
    
    0.04Net loss
    
    $
    (0.46
    )
    
    $
    (0.20
    )Weighted average shares outstanding (in millions)
    
    
    38.1
    
    
    
    37.9




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HAYES LEMMERZ INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Millions of dollars)
(Unaudited)
 Actual
    
    
    ActualThree Months 
Ended
    
    
    Three Months 
EndedApril 30, 2006
    
    
    April 30, 2005Cash provided by/(used for) operating activities
    
    $
    25.5
    
    
    $
    (31.3
    )Cash flows from investing activities:Purchase of property, plant, equipment and tooling
    
    
    (12.3
    )
    
    
    (36.4
    )Proceeds from sale of assets
    
    
    0.4
    
    
    
    Capital contribution by minority shareholders
    
    
    0.4
    
    
    
    Cash used for investing activities
    
    
    (11.5
    )
    
    
    (36.4
    )Cash flows from financing activities:Changes in bank borrowings and credit facility
    
    
    (0.6
    )
    
    
    (0.2
    )Borrowings/(repayment) on long term debt
    
    
    (1.3
    )
    
    
    (0.2
    )Proceeds from (redemption of) New Term Loan, net
of related fees
    
    
    
    
    
    
    79.5Dividends paid to minority shareholders
    
    
    (1.0
    )
    
    
    Bank finance fees paid
    
    
    (2.9
    )
    
    
    Cash used for financing activities
    
    
    (5.8
    )
    
    
    79.1Net cash provided by (used for) discontinued operations
    
    
    
    
    
    
    (6.2
    )Effect of exchange rate changes on cash and cash
equivalents
    
    
    1.8
    
    
    
    1.9Increase/(decrease) in cash and cash equivalents
    
    
    10.0
    
    
    
    7.1Cash and cash equivalents at beginning of period
    
    
    42.5
    
    
    
    34.9Cash and cash equivalents at end of period
    
    $
    52.5
    
    
    $
    42.0